LeonardS
Expert Alumni

After you file

If the income your daughter received from the University Foundation was a Grant or Stipend she will enter it in TurboTax as income not subject to self-employment tax.

 

To report a Grant or Stipend in TurboTax follow these steps:

  1. Log in to your TurboTax account if it is not open.
  2. Select the Wages & Income tab.
  3. Scroll down to Less common income click Show more.
  4. On the page Let's Work on Any Miscellaneous Income click on Other reportable income.
  5. On the page Any Other Taxable Income?  select yes.
  6. On the page, Other Taxable Income enter Grant or Stipend for the description and the amount.
  7. Select continue and answer No on the next page.

If the income was from a Grant or Stipend she should receive a tax form with the Foundation's Tax ID number.

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